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Ping An Pension is the only insurer out of 117 companies assessed to command all five stipulated investment management capabilities, according to a new report released by the Insurance Association of China (IAC). There are 16 insurance companies with four types of investment management
BEIJING, April 12, 2024 /PRNewswire/ -- In recent years, with the continuous innovation of technology, renewable energy has been widely applied, leading to a
Shanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time to consider restructuring plan amid slumping sales and slow asset disposal as the property market crisis grinds on.
Asian equities ended the week with a thud, with Indonesia and Pakistan closed for Eid al-Fitr. The US dollar was a wrecking ball overnight, causing the Asia Dollar Index to decline by -0.19% as the South Korean Won underperformed by -0.89% overnight, with the US 10-year Treasury yield over 4.5%.
A subsidiary of China's Ping An Insurance failed to repay a roughly $107 million trust product on time, citing the property market crisis